The Kingdom of Bahrain may well be positioning its energy industry to lean towards the downstream segment, but sitting on considerable reserves of heavy oil makes the Bahrain Petroleum Company (BAPCO) an important player in the GCC oil and gas market. The first oil well in the Gulf region was spudded in Bahrain in 1931, […]
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John Watson
John S. Watson assumed the role of chairman and CEO of Chevron in 2010 but has been with the company since 2005. Specialised in exploration and production, Chevron was the first to discover oil in the Arabian Peninsula. It was initially founded in 1876, but didn’t come to the Middle East until 1928 when it […]
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Interview of Dr Wolfgang Hoppmann, CEO, Schmidt ME
Interview wwith Dr Wolfgang Hoppmann, CEO, Schmidt Middle East Logistics.
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Strategic investments crucial to EOR: KOC chief
Kuwait is squarely focussed on tapping into its enormous heavy oil reserves, with the KOC planning to start oil production South Ratqa next year
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Gulf markets may see more IPOs with the downturn
The planned initial public offering (IPO) of Saudi Arabia’s oil giant Aramco could encourage other Gulf countries to list parts of their prized oil assets, reversing a steady decline in market listings
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Oil price stabilisation to help GCC banks: Report
Funding pressure to ease for GCC banks in 2017 on oil price stabilisation, international sovereign debt issuance, Moody’s says in its report
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Heavy oil consolidates status in energy mix: BAPCO
The Middle East holds nearly 1tn barrels of heavy crude oil, accounting for nearly 30% of the world’s reserves, according to an industry Report
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Technology key to leveraging heavy oil’s potential
Heavy oil accounts for 21% of the world’s crude oil reserves, of which nearly 30% is in the Middle East, at 971bn barrels of heavy crude oil.
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Cover Story: Contracting expertise
Alan McLean, executive vice president of the oil & gas business of SNC-Lavalin says an order book replete with energy engineering projects in the MENA region is helping the Canada-based EPC contractor survive the prevailing downturn in the energy industry
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Aramco’s energy industrial city seen at $4.4bn
Close to Abqaiq in eastern Saudi Arabia, the new industrial city will develop energy-related industries